TORONTO — Canada's main stock index fell more than 200 points Friday, weighed down by losses in energy and base metal stocks, while U.S. markets were mixed. The S&P/TSX composite index closed down 215.28 points at 25,483.23.
TORONTO — Canada's main stock index fell more than 200 points Friday, weighed down by losses in energy and base metal stocks, while U.S. markets were mixed.In New York, the Dow Jones industrial average was down 165.35 points at 44,546.08. The S&P 500 index was down 0.44 points at 6,114.63, while the Nasdaq composite was up 81.13 points at 20,026.77.
“It's unknown if it's going to be good or bad for the U.S. economy, but there's a lot of consensus that it's going to be bad for everybody else,” said Tozser. Also this week, reports on U.S. inflation showed price growth continues to be persistent, with both reports coming in stronger than expected. Tariffs would add further upward pressure on inflation, said Tozser.
"Governing council members agreed that monetary policy cannot offset the long-term economic adjustment that permanent tariffs would cause. And in the short run, monetary policy cannot lean against lower growth and higher inflation at the same time," the report read.
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